Deep Cuts Inflict Ford Motors

Closures and layoffs – These are two of the most troublesome dilemmas facing Ford Motor Company and its employees. Ford reported earlier the closure of its two factories and the laying off of approximately 10,000 workers. These events are brought about by the automaker’s plan to cut expenses to cope up with its previous losses.

Public Transport - Australia's Pathetic Attempt

The No. 1 complaint in Australia and it is not hard to work out why...

IMF to Restrain and Reform Beijing's Developing Power

The progressive economic impact of China is obvious in the yearly conferences of the World Bank and the International Monetary Fund (IMF), held in Singapore. The said Asian country, along with other nations, will be granted with more votes by the member nations of the said global trade organization.

Leaders Expressed Opinions Over The Restart Of Global Trade Talks

Pascal Lamy, the director general of the World Trade Organization (WTO), stated in an interview that the global trade agreement is a quantum leap onward for the international economy. Lamy recently made the said statement in a speech at a conference of global trade leaders in Northern Australia.

Trade Agreements and Its Impact on the Indian Economy

INTRODUCTION: India is a democratic and political country with a well streamlined administrative structure, and an already existing mixed economy, with a rich experience of private sector operations. Also available in India is a vast stock of skilled manpower and entrepreneurial class, a reasonably good basic infrastructure and a good track record of fulfilling past international obligations. The present bout of economic reforms in India started in the eighties, mark both a continuity and a break with India's post-independence development strategy. India's strategy for development was largely influenced by:

Globalization and Modernity

Globalization is an increase of a role of the factors (economical, social or cultural) in production of all countries that participate in this process; it is a formation of a single world market or markets without national barriers and creation of the same juridical conditions for all the countries. As a particular stage of international relations globalization was born a few decades ago, but its formation has not ended yet until the beginning of the third millennium. However the society started paying much attention to this process only ten or fifteen years ago. Because of a great variety of political views and branches in modern world science there is no accepted definition of the globalization.

Joseph Stiglitz Speaks On Making Globalization Work

Joseph Stiglitz speaks to the Chicago Council on Global Affairs on Globalization. He articulates the effects of the impact of Globalization both economically and politically.

China and Accelerating Currency Reforms in the Wake of Redline Growth

China's economy seems to be becoming the world's manufacturing headquarters and with this rapid growth is also coming with inflation worries. China is being careful to regulate its currency but now it must accelerate its currency reforms as its industrial capacity and growing economy is running at redline and could overheat. The longer China waits on its currency reforms the harder the change will come later and this could cause significant problems.

US Economy and the Impact of Indian Economy on the Global Market

Global economic review of India.

Minimum Wage Hike Another Blow At Poor

Here we go again on the minimum wage carousel. Around and around it goes. Where it stops, nobody knows. Perhaps the most stupid law ever invented by the U.S. Congress - one-upped by a few states including Florida - is headed for a soul-searching s?ance.

Labour Market of Japan

Comparing the developed countries Japan has many diverse accents in economical aspects. Japanese labor market is the main theme of the article.

Globalization and Poverty - Even Indian Farmers are effected

In certain states of India there is an epidemic of farmers suicides. Today farmers in every village are facing debt and despair.

India-Srilanka Free Trade Agreement(FTA): The Success and Road Ahead

The Free Trade Agreement between India and Srilanka came into full existence from 1st March 2000.This FTA basically deals with the modalities of the Duty Free Import of the Goods manufactured in Srilanka

Ford Employees Learn Economics 101

Recently thousands of Ford employees have been taught the harsh lessons of economics. They were laid off. The lesson is that competition has been growing rapidly around the world and the economy is in a state of constant change. If one doesn'e learn the lessons of the change, they might find themselves victims of it.